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France
Introduction
Key Economic Facts
France is a country located in Western Europe with several
overseas territories and islands located on other continents
and in the Indian, Pacific, and Atlantic oceans. Metropolitan
France, the mainland in Europe, borders
the Bay of Biscay, English Channel,
Belgium, Spain, Germany, Italy,
Switzerland, Monaco, Andorra, and
Luxembourg. France is linked to the
United Kingdom by the Channel Tunnel, which passes
underneath the English Channel. The government system is
a republic; the chief of state is the president, and the head
of government is the prime
minister. France has a mixed
economic system which
includes a variety of private
freedom, combined with
centralized economic planning
and government regulation.
France is a member of the
European Union (EU).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Western Europe
Paris (+1 GMT)
President Emmanuel Macron
Prime Minister Édouard Philippe
Euro (EUR)
French (official) 100%, rapidly
declining regional dialects and
languages (Provencal, Breton,
Alsatian, Corsican, Catalan, Basque,
Flemish)
Primary Religions: Christian (overwhelmingly Roman
Catholic) 63-66%, Muslim 7-9%,
Jewish .5-.75%, Buddhist .5-.75%,
other .5-1.0%, none 23-28%
Calling Code: 33
Voltage: 230
Key Websites
Main Government Page: gouvernement.fr
Commerce Ministry: economie.gouv.fr
Investment Promotion en.businessfrance.fr
Agency:
Risk Assessment (Provided by Coface)
High Income
Developed
$2,729.18 billion (2015)
1.27% (2015)
$41,016.65 (2015)
11.23% (2015)
-$4.86 billion (2015)
0.18% (2016)
29,921,021 (2016)
9.97% (2016)
$759.63 billion (2015)
$726.32 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
Services
79
2
20
11
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
Rankings
Index
Corruption Perceptions Index
EY Globalization Index
Global Competitiveness Index
Global Enabling Trade Index
Global Manufacturing Competitiveness Index
(GMCI)
Global Services Location Index
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
23 / 176
14 / 60
21 / 138
13 / 136
21 / 40
Country rating: A2 - The political and economic situation is
good. A basically stable and efficient business environment
nonetheless leaves room for improvement. Corporate
default probability is low on average.
Business Climate rating: A1 - The business environment
is very good. Corporate financial information is available and
reliable. Debt collection is efficient. Institutional quality is
very good. Intercompany transactions run smoothly in
environments rated A1.
Strengths
• Quality of infrastructures and public services
• Skilled and productive workforce, dynamic
demographics
• Competitive international companies (aerospace,
energy, environment, pharmaceuticals, luxury,
agrofood, retail)
• Global agriculture leader
• High levels of savings
Weaknesses
• Insufficient number of exporting companies, loss of
competitiveness and market share
• Weakening level of product sophistication, insufficient
focus on innovation
• Low employment rate among young and older people
• High public indebtedness
• Tourism sector weakened by risks of terrorism
U.S. Embassy
U.S. Embassy Paris
2 avenue Gabriel
75008 Paris
France
Tel: [33] (1)43122222
http://france.usembassy.gov/
41 / 55
72 / 180
16 / 160
18 / 139
19 / 187
24 / 139
7 / 102
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV